# Clark University

Clark University is an Endowment / Foundation based in Worcester, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Worcester, United States
- **Region:** North America
- **Address:** 950 Main Street, Worcester, MA 01610, United States
- **Founded:** 1887
- **Assets under management:** 522 (Altss estimate)
- **Website:** clarku.edu
- **LinkedIn:** https://www.linkedin.com/school/clark-university/

## Regulatory record

- **Reports private funds:** No

## About

Clark University Endowment was established in 1887 by Jonas Gilman Clark. The fund has grown through investment returns and alumni gifts. David Fithian serves as president with Gary Labovich as chair of the Board of Trustees. The endowment allocates across hedge funds, private equity, real estate and commodities. It holds limited partner interests in Adage Capital Partners LP at 9.6 percent, Berkshire Hathaway Inc. at 4.7 percent and Westfield Capital Management at 8.6 percent. Geographic exposure centers on the United States with additional global natural resources exposure. Direct real estate holdings include the Main Campus and multi-family residential properties in Worcester used for student housing. The endowment reports 210 employees. Additional offices are not disclosed. Adjacent vehicles include the Higgins School of Humanities and the University Park Partnership established in 1995. October 2025: Attended NACUBO Leadership Congress in New Orleans. Service providers include Fiducient Advisors and NEPC LLC as investment advisors. The Investment Committee structure separates day-to-day management from trustee oversight. Roy DiNicola, a GMO director, serves on the committee alongside external consultants. This governance model channels decisions through named trustees and professional advisors rather than a single family principal.

## Sectors

- Education
- Diversified

## People

- David Fithian — President
- Gary Labovich — Chair of the Board of Trustees
- Mark Wetzel — Investment Committee Member

## Questions

### Who runs investment decisions at Clark University Endowment?

The Investment Committee of the Board of Trustees directs allocations. Mark Wetzel of Fiducient Advisors and Roy DiNicola of GMO serve on the committee.

### Does Clark University Endowment participate in fund commitments or only direct deals?

The endowment acts as limited partner in multiple external funds including Adage Capital Partners LP and Convexity Capital Management. It also holds direct real estate assets in Worcester.

### What investment stages does Clark University Endowment typically target?

The endowment maintains exposure to buyout, venture, distressed debt and natural resources strategies through external managers and direct holdings.

### How is Clark University Endowment related to its parent institution?

The endowment operates as the primary investment vehicle for Clark University. Trustees of Clark University hold title to direct real estate assets.

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- [Rizvi Traverse Management](https://altss.com/profile/rizvi-traverse-management-rizvi-family-office)
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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/clark-university

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology